Gemalto, a leader in digital security, has partnered with Vietnam’s largest system integrator to deploy the country’s first EMV-compliant cards for Vietnam Joint-Stock Commercial Bank for Private enterprises. The project involves 24/7 support, training and delivery of the EMV cards.
Amsterdam – Hanoi – Gemalto and Vietnam’s largest system integrator, FPT Information System, (FPT-IS) have partnered for the first EMV (Europay, MasterCard, Visa) deployment in Vietnam with Vietnam Joint-Stock Commercial Bank for Private Enterprises (VPBank). This collaboration meant that VPBank got its first EMV microprocessor cards issued within two months of the commissioning.
This winning combination leverages on Gemalto’s leading worldwide expertise on practical EMV migration and expertise as well as FPT-IS’ dedicated local support and systems integration experience. Together, Gemalto and FPT-IS provide end-to-end services by developing a personalization solution tailored for VPBank’s needs, set up 24/7 support, provided consultation and training and deliver EMV microprocessor cards. The partnership between Gemalto and FPT-IS ensured that there was a solid teamwork to cover all aspects of the deployment, which is critical for such fast turn-around times.
“EMV migration is no longer just about pushing off-the-shelf products,” said Suzanne Tong-Li, Head of Asia Secure Transaction at Gemalto. “Financial institutions are looking for well established and reliable partners with proven track records who are able to put together customized EMV deployment programs within the shortest timeframes. This launch is a fitting achievement to celebrate the 12th anniversary of VPBank.”
Mr. Do Cao Bao, CEO of FPT Information System added, “Partnering Gemalto’s EMV experience with FPT-IS’ industry commanding presence in Vietnam has allowed VPBank’s every need to be met. We believe that this partnership has benefited all parties and brings Vietnam forward in EMV migration.”
“In our industry, speed is critical as time is money,” said Dr Le Dac Son, General Director and CEO of VPBank. “It is most impressive how our needs for the fast deployment of an EMV program has been met entirely and this project clearly benefits from an international EMV experience with strong local support.”